PostFinance and Sygnum collaborate to introduce staking for Ethereum in Switzerland

PostFinance, a well-known Swiss financial institution, has recently collaborated with Sygnum, a reputable digital asset bank regulated by FINMA, to introduce a new cryptocurrency trading and custody service. This service, available through the PostFinance App and e-finance, includes a unique feature called “staking,” initially focusing on Ethereum. The collaboration aims to expand this feature to include other cryptocurrencies in the near future.

In the world of cryptocurrencies, “staking” refers to the act of locking up digital assets to support blockchain operations and security. In return, users earn passive income in the form of “staking rewards.” Dr. Alexander Thoma, who serves as the Head of Digital Assets at PostFinance, highlighted the transparency and security of the offering, emphasizing that the staking service is rooted in ‘native staking’ directly on the Ethereum blockchain, providing customers with peace of mind and security.

What sets this service apart is the accessibility it offers to customers. Individuals can start staking with as little as 0.1 ETH, making it an inclusive opportunity for a wide range of users. Moreover, the staking rewards earned by users are seamlessly integrated into their asset statements, providing a convenient and transparent view of their earnings.

PostFinance’s partnership with Sygnum represents a significant step towards embracing the world of digital assets and blockchain technology, offering customers a unique opportunity to engage with cryptocurrencies in a secure and user-friendly manner. This innovative collaboration reflects the growing trend towards the mainstream adoption of cryptocurrencies and blockchain technology in the financial sector.

As the world of finance continues to evolve, with the increasing integration of blockchain technology and cryptocurrencies, collaborations like the one between PostFinance and Sygnum pave the way for a more inclusive and accessible financial landscape for all users. Through innovative services like staking, customers can actively participate in the blockchain ecosystem while earning passive income, making the world of cryptocurrencies more accessible and transparent for a wider audience.